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Trump Energy Dept. Investing $625 Million in Coal Industry
['Mary Chastain']
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Energy Department Secretary Christopher Wright told Fox Business’s Maria Bartiromo that the Trump administration plans to invest $625 million in the coal industry.
The $625 million investment includes $350 million to modernize coal plants with reliable electric power and capacity; $175 million for coal projects that are expected to bring cheaper, more reliable energy to rural communities; $50 million to upgrade wastewater management systems to extend the lifespan of coal plants and reduce operating costs; $25 million to enable coal power plants to operate on dual fuel; and $25 million to support investments that will maintain boiler efficiency and reliability when utilizing 100% natural gas.
Leslie stressed that coal usage is beneficial for energy security, as we need energy, especially electricity, to survive.
Someone tell those crazy environmentalists that they need that electricity to power their silly electric vehicles.
And they’ve tried to strangle it, particularly the Biden administration, starting with the Obama administration,” Wright said, adding that coal has “a long future.” “Let’s stop wishing it would go away,” Wright said of coal.